Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
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On August 5, 2020 Superior named Troy Ford as Interim Chief Financial Officer
effective August 7, 2020. Mr. Ford, 37, currently serves as Superiors Vice President of Corporate Finance. Mr. Ford joined Superior in January 2016 and previously served as the Companys Vice President of Finance and Treasurer. As
announced on July 9, 2020, Superior initiated a comprehensive search, which includes both internal and external candidates, to identify a permanent replacement following the resignation of Matti Masanovich from his role as Executive Vice President
and Chief Financial Officer. Mr. Ford will not receive any additional compensation for his service as Interim Chief Financial Officer.
There is no
arrangement or understanding between Mr. Ford and any other person pursuant to which he was selected as an officer of Superior and there are no family relationships between Mr. Ford and any of the Companys directors or executive officers.
There are no transactions to which Superior is a party and in which Mr. Ford has a direct or indirect material interest that would be required to be disclosed under Item 404(a) of Regulation S-K.
This Current Report on Form 8-K contains statements that are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts and can generally be identified by the use of future dates or words such as may,
should, could, will, expects, expected, seeks to, anticipates, plans, believes, estimates, intends,
outlook, predicts, projects, potential or continue, or the negative of such terms and other comparable terminology. These statements also include, but are not limited to, the 2020 Superior
and industry outlook as well as our liquidity and debt covenants included herein, the impact of COVID-19 on our future business results, operations and prospects, Superiors strategic and operational
initiatives, product mix and overall cost improvement and are based on current expectations, estimates, and projections about Superiors business based, in part, on assumptions made by management. These statements are not guarantees of future
performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous
factors, risks, and uncertainties discussed in Superiors Securities and Exchange Commission filings and reports, including Superiors current Annual Report on Form 10-K, and other reports from time
to time filed with the Securities and Exchange Commission. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this report. Such forward-looking statements speak only as of the date on
which they are made, and Superior does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this report.